What Currency Is Used in New Zealand? Your Friendly Guide to the Kiwi Dollar

Heading to New Zealand? Let’s make sure you’re ready to pay for everything from coffee to souvenirs with ease.

The official currency here is the New Zealand Dollar (NZD). With just a bit of know-how, you’ll feel confident managing your money in this beautiful country.

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What currency is used in New Zealand?

The currency in New Zealand is the New Zealand Dollar, abbreviated as NZD and symbolised as $ or NZ$.

One dollar equals 100 cents. Internationally, people often call it the “kiwi” dollar because of the native bird featured on the $1 coin.

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New Zealand Dollar Denominations

Here’s a quick look at what you’ll have in your wallet:

• Coins: 10c, 20c, 50c, $1, and $2 – the $1 and $2 coins are perfect for quick transactions.
• Banknotes: $5, $10, $20, $50, and $100, with colourful designs featuring famous New Zealanders and stunning local landscapes.

It’s a straightforward system and easy to navigate.

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Best Way to Exchange Money in New Zealand

For a good exchange rate, skip the usual high-fee spots like airports and hotels. Instead, try these options:

• City Centre Exchange Counters: You’ll find better rates in town.
• Online Platforms: Services like Wise often offer competitive rates with lower fees – perfect for planning ahead.

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Is New Zealand cashless?

New Zealand is mostly cashless, making it easy to pay with a card just about everywhere. But, if you’re planning to visit rural areas or markets, keep a little cash on hand, as some places may not take cards.

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Tipping and GST in New Zealand

In New Zealand, there’s no need to worry about tipping or adding tax on top of prices:

• Tipping: Generally, tipping isn’t expected but is appreciated for great service.
• Goods and Services Tax (GST): A 15% tax that’s already included in displayed prices, so you won’t need to calculate extra.

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Top Tips for Managing Your Money in New Zealand

These quick tips can help you make the most of your money during your visit:

1. Choose NZD for Card Payments: When asked, pick NZD to avoid extra conversion fees.
2. Watch for Surcharges: Some places charge a small fee (usually between 1.5% and 3%) for card payments.
3. Plan ATM Withdrawals: Take out a bit more each time to save on transaction fees.
4. Use a Currency App: Apps like XE can help you keep track of exchange rates while you travel.
5. Carry Cash in Rural Areas: While cities are cashless, small towns and markets may prefer cash.

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Ready to Explore New Zealand?

Now that you’re prepared to handle New Zealand’s currency, you’re all set to enjoy your trip without a hitch.

Picture yourself sipping a coffee at a Wellington cafe or shopping for local crafts in a small-town market – with the confidence of knowing exactly how to manage your spending.

Pack your bags, grab your travel card, and get ready to make the most of your New Zealand adventure. It’s going to be an unforgettable experience!

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